/biz/ - Business & Finance

>>21534249
zoom in

>>21534249
All the same discussions as eth 2017. Just go back and have a read it’s all archived

>>21534249
im expecting the value to 4x by convention end then slowly creep to 120 end of year but there will be a major dump at 80 that im gonna swing since I cam in way late

>>21534278
Based.

>>21534326
>sell signal

it's called price discovery. we've had nothing but 3 years of amazing news about link, but it's all been suppressed by whales and shiet.

>>21534249
BUY HIGH SELL HIGHER

the charts look crazy, that's true. i think it will deflate at $20.

what really worries me is that ~70% of LINK is held by 9 people. Do they have a number in mind? I bet you they do.

>>21534482
yeah, $1000

>>21534482
No 70% is owned by one obese russian

>>21534249
>linear scale instead of logarithmic scale
>implying I didn't buy my stack before the pump
Dee are an ess

>>21534249
Doesn't matter.
Eventually 1 Link = $81000 so even if you only have 100 you'll make it if you hold long enough.

>>21534482
you mean the development wallets and the incentives wallet? they have no price, they just sell as they need to. It's the foundation wallets. Read the article on expansion by chainlink. you seem new.

>>21534394
price discovery that runs out of fuel slowly but surely. it's starting to hit all the right memeline levels of retracement so I don't know. Just look at the chart, a -50-80% dump is nothing new for chainlink. But newfags won't be ready.

>>21534583
I'd love it to dump 80%
I'd buy so much more.

>>21534553
you are proving my point, even if it is covered up by a meme. People keep saying that the entry price doesn't matter, this is the exact euphoria that is around right before corrections.
>>21534545
when did you buy? because i bought at 20-60 cents back in 2018 to early 2019 and every cash investment now is like 0.1% of my portfolio so I don't really bother upping my average for that.

>>21534664
I bought late at $4

>>21534249
>people posting my charts
>they get a mixture of reasonable and delusional replies
>when i post them i get a thousand seething newfag linkers in denial

>>21534789
what do you mean your chart? that's the exact same chart we're all looking at

>>21534789
yeah i saw it in another thread and thought this visualized exactly what i was thinking about new buyers right now.

>>21534249
just from the numbers you can see that Chainlink is not some shitcoin.
I said I'll buy in if it takes off.
it's going to do an ETH. it's simple

>>21534836
i've been posting these mini screenshots of link for a few days now, people are saving and reposting, that's all
>>21534849
>"Chainlink is not some shitcoin"
>centralised coin with a ceo
>premined like crazy
>does what other coins also do

>>21534897
I'm having flashbacks.

>>21534922
ah yes, i'm sure chainlink is the eth killer

>>21534583
>Just look at the chart, a -50-80% dump is nothing new for chainlink.
yes, big dumps always happen for chainlink. until they don't

>>21534897
Why are you coping so much? Are you on the sidelines? I bought my stack between 16 and 20 cents are you jelly? sitting 90% in the red cant feel good

>>21534249
zoom out faggot

>>21534981
>ah yes, i'm sure chainlink is the eth killer
Unironically, yes. It has become obvious that the ETH team is not capable of scaling it, so the Chainlink team has been forced to.
>https://medium.com/offchainlabs/scalable-low-cost-computation-of-ethereum-smart-contracts-using-arbitrum-on-the-chainlink-8985c6542d4e
>https://old.reddit.com/r/ethereum/comments/i1g5cc/scaling_reddit_community_points_with_arbitrum/

>>21535011
>zoom out
ok, here's a monthly chart

>>21535088
i hope your charts are helping you cope fren

>>21535000
until they don't? every asset that went up crazy like that did multiple -80% corrections and keep doing so, just look at the rise of btc, uncountable corrections of over 80% and it still shits the bed from time to time for like 30%. even during bullruns we had -20% days. Just don't get caught up in your short term mind and look at long term trends. Chainlink has been outperforming every asset in the world for the last couple of years and yet it still crashed multiple times on its way.
>>21535011
shit like that doesn't work, as we go higher the % of those pumps gets lower. It's easily possible that we stop at 600% which is the case now.

>>21534249
PSA for all LINK OG's

Retail investment is not required, true utilisation is what is going to win this one for us. Infact a dump to stabilise the token's value would probably be better in the longterm for us.
Reddit and nulinkers can fuck off.

>>21535144
>"NOOO YOU CAN'T SHOW ME WHAT I DON'T WANT TO SEE, THAT'S COPE, YOU'RE COPING NOOOOOO STOP IT!"

I'm still massively in the green at an 80% drop, I'll double down.

>>21535249
>losing all those gains because you're in denial

>>21534922

Should I move like 5-10% of my portfolio to an exchange and just mess around with swinging

>>21535283
swingies get the rope

>>21534249
You tell me, sweaty.

>>21535283
at this point it isn't swinging, look at longer timeframes, they give huge indications as to what's coming next; you could easily sell around here and buy back in a few months; it literally will not keep going up, a sell-off is inevitable

>>21535280
I think you're in denial about missing out, fren.

>>21535249
My break even point is 48 cents and I don't even have money to invest so I don't give a fuck how low it's going, I know it's going to 100$ but I know that people will get rekt or kill themselves because they bought the local top that won't be reached for another 6 months or so and lose hope. People on /biz/ are people with the mind in the right direction but it's easy to get retarded during a bullrun like that, and I just wanted to unironically make at least one person think twice about buying chainlink right now. Maybe put in 30% of your money and wait a week. Then put more in.

>>21534981
In a way it might be. Eth's ridiculous fee's are hampering LINK's utility, it's showcasing how poorly ETH would deal with real mass use. LINK will have to hop to a different chain to remain viable longterm, for now they'll just keep selling their holdings to cover the costs.

>>21534249
Zoom out. Also this is only the beginning. 6hr chart retard.

>>21534317
>All the same discussions as eth 2017. Just go back and have a read it’s all archived
what?

>>21535280
This was and remains not real money until I choose to cash out, and cashing out begins a large chain of paperwork for me to have to do. Since I don't actually need this money to live on, there really isn't an impetus for me to cash out until I have 7-9 figures that will be relevant to me.

>>21534482
>Do they have a number in mind? I bet you they do
which is that number in your opinion? tell us so we'll dump

>>21535374
being an investor is knowing that your perspective of the market can change at any moment based on the signals it gives; ignoring those signals regardless of their significance is borderline retarded
>>21535378
eth is too established to be replaced anytime soon, no matter how fucked it is; the biggest example of this was the dao hack and fork that ultimately did nothing to the project in the end

eth is utter shit in its current state, yeah, but the infrastructure is already there for the most part

>>21534249

Didn't read
Never buying

>>21534583
>you mean the development wallets and the incentives wallet?
aren't those money all in the Sergey and team's pocket?
do you thin that when Sergey will see his fist billion won't he dump?
don't be deluded

>>21535423
>zoom out
>refers to a massively short term chart

>>21535552
dude, he already has billions and by that logic he would exit scam right now because he has enough to feed the next 100 generations of fat russian children. and he already dumped millions of LINK and it did nothing to the price. again, read the expansion article by chainlink on their blog.

>>21534249
Use log scale.

>>21534897
These charts don't look that bad if institutions actuually are aboard now. If it's speculation, then it'll dump way below 5 bucks before climbing again (if the product works)

>>21535731
don't you see your own bias? i could easily argue that chainlink is already on its second leg up on that ETH pump from 17 to mid 18. Also, a 50% dump would look tiny on that scale and still reck a ton of new buyers for months. You can't just ignore the effects a log scale has on bearish movements. To me, this actually proves it more that a correction is very realistic and even likely. Maybe we go another 50% or 100% up but maybe we dump 50%. I just want to make clear that a bull move is not guaranteed at this stage of the price increase.

>>21535910
>we might go down a bit before going up more
thanks for your very insightful post anon

>>21535845
institutions won't come until after the pop, typically; they wait for demand, see the bubble, wait for the pop and retrace for the inevitable next accumulation phase

>>21535337
so LINK is already like $350 ETH? That'd be pretty disappointing, not even a $100 top for LINK at those ratios

>>21534249
When i bought at 5 i thought it was the top

>>21536082
these cycles happen from time to time in markets, this current cycle could, note the use of could, become a tiny spec like the 2013 bull run on bitcoin did

that said, in its current state, it has topped out and the bubble is popping

>>21534326
do you schizos have a lottery wheel you spin every now and then that predict the random numbers you swing at?

>>21536115
difference is that we hovered around 5$ for months, except if you mean the initial 5$ pump which proves my point being that you were down 50-80% for months afterwards.

>>21535491
>but the infrastructure is already there for the most part

Sure. Vitalik is ruining our chances of making it before 40 though.

>>21535195

Given that I have a fat bag of link this is exactly the kind of chart I like to seen.

>>21536149
>>21536176
>if we keep posting maybe our searing regret will subside

>>21536269
you're one of the few smart ones, if you have the intentions of cashing out
>>21536284
observing different markets offers new insights into investment, anon, but you wouldn't know that since you're just a newfag hopping on whatever twitter zoomers tell you

>>21535088
I'm not a newfag who bought last month so why would I ever use the monthly chart?

>>21536082
You're trying waaaay too hard.

>>21536428
i laughed, thanks anon

>>21535181
>uncountable corrections of over 80%
More like 3 or 4

>>21536433
Wow look at that, ETH also went from 19.50 to 16 before jumping to 60

>>21535910
>i could easily argue that chainlink is already on its second leg up on that ETH pump from 17 to mid 18
ETH went parabolic even before getting to mid-2017.
See >>21536433

>>21535356
A sell off and a crash are two different things. It could pullback a lot and I'd still have profit right now. If you bought in at 16 or 17 though different story maybe.

>>21536716
>A sell off and a crash are two different things.

>>21534249
Souch fomo that normie retail "crypto chicks" pushed the volume up over Bitcoin.
There's more at play here bud. The singularity was never going to happen without a bunch of NuLinkers, faggots, women, and POC catching on

>>21536761
Repetition helps me learn too. Glad I could help.

Pic related, this pattern reminds me of link. Casuals won’t understand $2 to $90 in 2 years

>>21534249
"Fundamentally vertical"

>>21537092
completely fine anon, it's gonna keep going up!

>>21534249
alot of people are going to get severely burned by this. its going to be glorious.

>>21537294
i can't wait for the pink wojaks

>>21534249
Tg group that called vsn at 3500gwei, price went to over 30000 (9x)

Scha at 0.05, price went to .20 (4x)

Flow at 0.20, price is at 1.60 (and will be much higher) 8x

Proof in the tg

T.me uniswap10x

>>21536155
i think so, since no one here believes in ta.

>>21536548
>19.50 to 16
YOU HAD 3 YEARS

so many people don't realise how effective ta is, you don't even need to draw a ton of meme lines and shit; i hardly ever draw lines, the charts i trade off use RSI and i just watch higher timeframes and observe the patterns the candles form to make an opinion on price direction, it can be that simple

i find lots of lines and using a thousand different indicators just clutters up a chart and can confuse

it can be this simple:
>overbought rsi on high timeframes
>daily candles red
>new weekly candle is red (huge indication)
>buying pressure significantly decreased
>selling pressure is strong around $20 as evident by lower tfs showing rejections
there

>>21537560
if you traded off the RSI on the early eth chart you would have killed yourself

>>21537560
it really does take a special kind of idiot to look at that chart and be bearish.

>>21534249
>a lot of new dumb money
Yes, but dumb money doesn't buy crypto.

>>21537926
>dumb money doesn't buy crypto.
dumb money is like 90% of crypto

>>21537957
Anyone who bought crypto outside of December 2017 is likely doing well.

>>21538006
take one look at the catalog on here and tell me that most people here are actually making money instead of just pissing it away

These nufag reddit niggers really want us to sell kek

>>21538006
>Anyone who bought crypto outside of December 2017 is likely doing well

KEK

>>21536548
>19.50 to 16
omg that's so scary. i better sell all my linkies right now

>>21534922

>>21538211
you're looking more at $14 followed by a bounce to 16-17 and then a continuation of the dump even lower

>>21538172
>>21538044
90% of the board is link mariners with portfolios that look like this.

>>21538246
nice crystal ball you got there, does it help you cope

>>21538311
>nice crystal ball you got there, does it help you cope
no but it shows you investing in knee pads to earn back what you lost for being a brainlet "investor"

>>21537560
now look at this stoch RSI weekly
We are consolidating, you are reading too much selling pressure that isnt really there, otherwise I might agree

>>21535378
This is massive down side to link. If you look at the pivotal tracker, there's actual tasks regarding this. They are investing development time to micro manage gas cost (see their aave task)

>>21538466
stoch rsi is a faster moving indicator, it isn't accurate on higher timeframes in a bubble cycle; rsi is slower, more accurate during trending movements

rsi is typically more preferred over stoch rsi as a result of that additional accuracy; though stoch rsi can be more accurate in choppy markets

link isn't being choppy at all

>>21534922
Jesus christ what board have I stumbled upon

>>21538263
>90% of the board is link mariners
Nah just a small handful of very loud paid spammers and a few anons who tagged along at ATHs

>>21537560
there is only one way to know. make sure you backtest.

>>21539060
i've been trading for years, and i started off just like many of these anons that either didn't know any ta or completely disregarded it and followed emotions and other people's guesses, all it did was fuck me over

unfortunately it's the best and biggest lesson to learn in investing: you lose, you get rekt, and you learn from your mistakes until next time you know what not to do, though in the case of crypto i feel most won't bother to learn and will only continue following hype trains and e-celeb shills

>>21539205
why are you still poor then

>>21539763
where did you get that assumption, anon?

>lucks out on holding the shitcoin that moons
>"im not selling but here's some good advice"

>>21539779
you sound poor

>>21534583

a dump is highly unlikely. There is a fuck load of money due to printing, bitcoin is pumping, everyone is at home on the internet due to corona, chainlink is the the most prestigious and best defi project out there with actual use cases and is already being used and adopted by many...
How will this dump 50% in these conditions??? the only way I see this happening is when btc dumps back to 8k or below.

>>21534278
ok now what

>>21540103
now it means we go up even more

>>21534326
>market wants staking to be announced
>staking doesn't get announced at smartcon
>significant dump happens because norman and newfren money pulls out en masse
I'm waiting for the pink wojacks and seething r*dditors to start kvetching about how they fell for the ebil nazi meme coin, just to get shaken out before the real moon mission.

I didnt buy tho. I am going to do what LINKers did 3 years ago: research for the next BTC/ETH/LINK and accumulate.

For now, i am just going to ride the bull market by putting 10usd in every projects that binance has to offer until my fiat is zero.

>>21540103
>ok now what
Inverse colors and flip vertically.

>>21539779
you are here shitposting about muh ta

>>21540130
ah yes the "goes up forever" chart. LINK is gonna make history

>>21540197
do the needful and buy pnk sir

>>21540197
there's nothing after BTC that isn't a forced meme.

>>21540306
>Kleros court

>>21540264
Oh pls stop being such a defeatist. As long as crypto market is not regulated, there will be moneys to be made, and opportunities to be grabbed for us non-/madeit/.

>>21540236
like that

>>21539763
this, kek

>plz sell guiz
>I sold at $5 and don't want to feel like a retard anymore

>>21540255
what else is there to do?

I JUST WANT TO SWING SO I CAN HAVE A LARGER STACK REEEEEEEEEEEEE

>>21539205
yes, first you get rekt, rekt, win, win, rekt, rekt, rekt, rekt. then you start tinker with indicators, then two, then you stop trading live until you have a strategy working, then you put money, then you refine because there is 10 things you didnt think about. you refine until it works. it starts to work for multiple coins, it starts to work for many coins.
i have slowly realised its best to keep the gospel to yourself but sometimes I go on to preach about it. at the same time, the less people there are doing systematic trading, more money there is for those who do. thats why there is very little edge to be found on tradition markets unless you have a team of quants...crypto is still new and most people are not up to putting in the effort required to actually have something useful running. (i am still executing trades by hand instead of automating. at least it feels like I am doing something.

anyway, people who dont do that shit like to gamble, its good with me, more volatility for me.
>realising it becomes a question of doing reverse psychology and
>writing more and more and more until no one will read it.
thats my plan,
I have an announcement to make. ta does not work anons. forget about it. just go buy link

>>21540140
This. All in with 20k since 2017 and never selling but the shakeout dump is going to be glorious. I'll still be up hundreds of thousands of dollars while all the redditors and newfags bleed out and panic sell. Then a few months later after they all forgot about it, we pump to 1k.

>>21540608
>I have an announcement to make. ta does not work anons. forget about it. just go buy link
based jew

>>21539763
hahaha rekt and keked

I would GTFO & hope you don't get stuck in a bad hole...

God, the pure salt of you swingies and nolinkers is so delicious. What are you gonna say when it hits $50? $100? $500?

>ok guiz seriously, this is the top. No way it hits another ATH this time. trust me, I am trying to protect you from losses. why no, I don't use stop losses on my shorts

>>21540823
Yes. And then at some point, it will be popular enough that it won't be talked about here in /biz. Much like ETH and BTC.

bumb

>>21534482
Once segrey has enough to buy out ever single McDonald's franchise it's game over

>>21535185
Based take. Once Flare is announced everyone people are going to swing link to it.

>>21535011
that wick though

>>21536155
some can swing on gut feeling. most can't.